Release Explanation: The release measures the total value of the output from mines, industrial factories and utilities is in the Industrial read. High production numbers usually denote an economy in an upwards trend, or growth period. These reports are reactive to change and are well respected.
Trade Desk Thoughts: Industrial production in Switzerland rose by 0.1%, beating market expectations. The previous reports showed the released number can be volatile, and very often deviates from the expected number. However, from one year earlier, industrial production in Switzerland fell 5.9%.
Forex Technical Reaction: The swissy (Usd/Chf) is trading near the Asian open price, even tough it had an 80-pip range overnight.